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New Mexico Breaks Oil Production Record

New Mexico Breaks Oil Production Record

New Mexico broke an oil…

Israeli-Managed Tanker Attacked Off The Coast Of Oman

Israeli-Managed Tanker Attacked Off The Coast Of Oman

An Israeli-managed tanker was attacked…

Energy

Asian Gas Market Starting to Heat Up

May 28, 2010 at 06:17 | Dave Forest

Asia is one of the more interesting gas markets in the world. Places like Thailand and its southeast Asian neighbors have seen phenomenal demand growth over the last several years.…

Legislative Battles on Shale Gas Fracking Continue on Several Fronts

May 28, 2010 at 03:35 | Darrell Delamaide

The controversy over the hydraulic fracturing process used to produce shale gas continues, with Pennsylvania and New York becoming a new battleground as development of the giant Marcellus Shale goes…

The Reality of Global Power Demand and Oil Consumption

May 27, 2010 at 15:53 | Robert Bryce

When considering the global energy sector, one of the most difficult tasks is understanding the gargantuan scale of our energy consumption. Talking about scale should be an integral part of…

Chinese Oil Companies Taking Advantage of Energy Consumers

May 25, 2010 at 09:26 | Xina Xie

Sometimes, China’s energy policies just make no sense at all. Consider the import and export patterns on oil products. In presumably socialist China, the oil majors PetroChina and Sinopec have…

Canada’s Oil Sands Set to Become Biggest Source of U.S. Oil Imports, Report Says

May 24, 2010 at 15:03 | Darrell Delamaide

Canadian oil sands will probably become the No. 1 source of U.S. crude oil imports this year, and could make up more than a third of the nation’s oil…

Britain’s Growing Energy Problems

May 24, 2010 at 08:47 | Energy Tribune

David Cameron, Britain’s new prime minister, may have succeeded in bridging his country’s political power gap, but another looms that could very quickly short-circuit the Tory leader’s grip on national…

The Stealth Shale Gas Company

May 22, 2010 at 10:14 | Dave Forest

A lot of companies have been rushing to get into shale oil and gas plays the last few years. But apparently at least one major has been in the business…

Gulf Spill Puts US Energy Bill on Slippery Slope

May 21, 2010 at 21:39 | Llewellyn King

With energy, Senate Democrats find themselves between a rock and two hard places. Nonetheless, Sen. John Kerry, D-Mass., and Sen. Joe Lieberman, I-Conn., have introduced their climate and energy bill.…

Crude Oil Prices Remain Under Pressure After Dipping Below $70 a Barrel in Week

May 21, 2010 at 17:35 | Darrell Delamaide

Oil Market Summary for 05/17/2010 to 05/21/2010 Crude oil prices ended just above $70 a barrel on Friday after dipping below that threshold earlier in the week. The benchmark June…

BP Gets Pass From Obama Administration To Potentially Pollute Lake Michigan

May 21, 2010 at 08:52 | Wayne Madsen

The Obama administration, already charged with providing political cover for BP in the Gulf of Mexico mega-oil disaster, is also charged with allowing BP to renege on agreements between the…

EPA effort to block West Virginia coal mine heats up mountaintop removal debate

May 21, 2010 at 08:40 | Darrell Delamaide

Amid probes of last month’s deep coal mining accident in West Virginia, hundreds of coal miners demonstrated in the state capital of Charleston against an attempt by federal officials to…

U.S. Utility Executives Disappointed in Obama’s First Year, Survey Says

May 19, 2010 at 20:04 | Darrell Delamaide

Four-fifths of energy utility executives in a recent survey said they were dissatisfied with the first year of the Obama administration, citing a lack of tangible and actionable policy and…

Psychological Plunge in Oil Prices Makes OPEC Nervous, Official Says

May 18, 2010 at 22:27 | Darrell Delamaide

The plunge in oil prices in the wake of the euro crisis has OPEC worried. Qatar oil minister Abdullah bin Hamad Al Attiyah emerged as an unofficial spokesman for the…

EIA’s Energy Outlook for 2010 Reveals Disturbing Figures

May 15, 2010 at 09:02 | Robert Rapier

The Energy Information Administration just released their Annual Energy Outlook for 2010: Annual Energy Outlook 2010 It is about 220 pages long, and therefore I haven’t had a chance…

Oil Prices Drop Further in Week as Euro’s Travails Continue

May 14, 2010 at 16:47 | Darrell Delamaide

Oil Market Summary from: 05/10/2010 to 05/14/2010 Crude oil prices plunged nearly 4% on Friday and were off almost 20% from their 18-month high less than two weeks ago, as…

An Update to the Oil "Head-Fake" Scenario

May 14, 2010 at 10:59 | Charles Hugh Smith

With the world teetering on the edge of another global financial meltdown, it's a good time to revisit my May 2008 Oil "Head-Fake" Scenario. In May 2008 I proposed the…

Environmental Markets at Centre of Chesapeake Clean-Up Plan

May 14, 2010 at 10:51 | Environmental Finance

In a ground-breaking initiative that could trigger a new era in ecosystem markets, the Obama administration issued an executive order yesterday to protect and restore the Chesapeake Bay, the US’s…

American Power Act by Sens. Kerry/Lieberman

May 13, 2010 at 17:20 | Editorial Dept

Senators John Kerry (D-MA) and Joe Lieberman (I-CT) released their climate and clean-energy legislation yesterday. Sen. Kerry said the bill is essential for the United States to remain globally competitive…

Chesapeake Energy Investment Signals Sovereign Wealth Fund Appetite for Global Resources

May 13, 2010 at 11:54 | Darrell Delamaide

One of Asia’s most active sovereign wealth funds is investing up to $1 billion in the U.S. company that helped pioneer production of shale gas, Chesapeake Energy. Temasek Holding, a…

Cheap Oil: The Engine of America

May 13, 2010 at 11:42 | Charles Hugh Smith

The foundation of the American lifestyle and economy is cheap oil. Remove that prop and every aspect of that lifestyle becomes questionable. Not to sound too cinematic, but everywhere I…

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